Wichita eagle. [volume] (Wichita, Kan.) 1886-1890, 1887-01-08
TRADE REVIEW.
A Resume OF Last Years Business
and Proep' c:s for 1887.


New YORK, Jan. 1.-R. G. Dun & Co
furnish the following weekly review Of
trade:
The new year opens with higher prices:
Wheat has advanced 12 cents this week
on sale Of $4,000, 600 bushels Oil has
advanced l cent on sales Of 10000 00O
barrels Hogs, coffee, iron aud silver are
higher Corn and Oats have been a little
weaker, and large realizing by foreigners
has checked the tendency TO advsuce in
stocks, bat the expansion Of curr neg AID
investment Of large dividends received. and
profits realized tend to lift prices for the
present in spite of fears regarding lcgi>la-
ton. The present circulation per capita
is the largest ever recorded; it Is now to be
noticed that silver dollars begin 20 go back
to the treasury in place of small certificates
issued, and the government during
the past week has taken ia
as much money rs it has
paid cut. in spite Of half-yearly interest
paYmvnls Consultation at Washington
makes reduction Of the revenues II This scs-
sion improbable. and the accumulation Of
surplus threatens disturbance after july l.
Over 5000 miles of railroad were built
last wear; eyer 800 in the eastern and
southern states. and over eco miles in
Kansas Nebraska. Dakota, Minnesota and
Texas.
The rise in the iron, Piitsburg prices,
advanced 81 on Wednesday, though the
production now exceeds half a million
tons every month. The association
official report makes the ouf put . $50 coo
tons for the last half Of 1856. This power
full impulse towards prosperity, merchants
fear. would be taken away II the inter state
commerce bill should discourage railroad
building
In business circles the apprehension Of a
set back Is a consequence of high through
rates fer western products and an arrest OF
railroad building strongly influences calcU-
lations for the future. The failure of
large cattle raising company illustrated
the recent suggestion rs 10 The evils Of
oygrproductiou and control Of Transports
ton lines.
In the southwest failures have been IN
usually numerous: in other sections not
more Than would be expected fer the first
week Of the wear. Collections are general
" satisfactory and the increasing number
of buyers gives great activity here ID the
dry goods trade.
Coal advances because Of an important
strike of handlers Wool sale Ill Phla-
delphia were 10. 000. geo pounds less than
in 1885. but New York imports Of foreign
wool were 500, GOO pounds larger.
Higher prices here for wheat and cotton
also imply the belief that production will
be curtaiied next year a a result Of unSat-
isfactory returns To farmers
Railroad earnings in December on
twentyone road exceed those Of 1888 about
13 per cent, and bank exchanges for the
year show larger transactions than ever,
excepting parts Of the south: but railway
foreclosures as reported bv the Chicago
Railway AYE exceeded in 1886 those of any
previous year. including IS roads with
1913 Geo COO of stock aud bonds The laie
decision Of an Ohio CONT invaiidating the
first mortgage on the Nickie Plate road is
used to excite diStrust of foreign investors,
apparently with some effect
Foreign exchange has advanced and
shipments of gold hither are suspended.
but Colorado reports an output of precious
metals Si.29+, 6oS greater than in 1888.
The failures during the last seven days
number for the United States 27I, for Can
ada 2S, total 299; against 3.3 last week
and 263 the previous week. The increase
arises in the south where the failures are ex-
ceptionally numerous, though not impor
tant.